#GBPUSD 201113 UPDATE #FOMC #FOREX #VIENTRADINGSYSTEM

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Technical Analysis of Financial Market, Foreign Exchange analysis, Profesional trader.

Written on Wednesday, November 20, 2013 at

Today issue is on FOMC meeting as important movement of GBP. As you can see below on picture, the target of today's volume before FOMC is on fibo 0.618 of yesterday daily range that acted as today's Low and 1.618 as today's high. This is still indicate that the possibility of another correction pattern may occur. because yesterday volume is nearly the same as today's volume. That is typical of A-B correction.

This scenario has give us another possibility the next target would be nearly the first of wave of A or on yesterday Low or there is also possibility to break with estimate between 1.6115 to 1.6070

But we should considering of this weekly volume that still on 120pip. is it Logical?

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#GBPUSD 201113 UPDATE #FOMC #FOREX #VIENTRADINGSYSTEM

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